Identify the Incorrect Statement About the U

question 170

Multiple Choice

Identify the incorrect statement about the U.S. federal deficit.

• A) The United States is now the world's leading creditor.
• B) The United States borrows huge sums from abroad.
• C) Some critics blame U.S. fiscal policy as reflected in the large federal deficits for the switch of the United States from creditor to debtor nation.
• D) Japan and China are big buyers of U.S. Treasury securities.
• E) The federal budget, on average, had a deficit of 3.0 percent relative to GDP.

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Definitions:

Deductive Approach

The deductive approach is a logical process in research and reasoning that starts with a general statement or hypothesis and examines the possibilities to reach a specific, logical conclusion.

Sales Promotional Material

Documents or media utilized to increase awareness or sales of a product or service.

Counterproposal

An alternative proposal made in response to an original offer that does not meet one's satisfaction.

Legal Risks

Potential threats of legal action that could arise from engaging in certain behaviors or business practices.